Cuomo Signs Bill To Curb Fraud In Nonprofits

Law360, New York (December 19, 2013, 5:57 PM EST) -- A bill backed by New York Attorney General Eric T. Schneiderman that aims to curb fraud and increase public trust in the state’s charities and nonprofit organizations was signed into law Wednesday night by Gov. Andrew M. Cuomo.

The attorney general had gathered with legislative leaders in May to propose the Nonprofit Revitalization Act, which is intended to prevent conflicts of interest and increase the state’s policing powers by overhauling the laws governing New York’s nonprofit sector.